{"id":18023,"date":"2024-02-09T15:47:58","date_gmt":"2024-02-09T15:47:58","guid":{"rendered":"https:\/\/www.webmonkey.com\/15-best-passive-income-ideas-for-students-2024-guide\/"},"modified":"2024-05-24T19:39:50","modified_gmt":"2024-05-24T19:39:50","slug":"passive-income-for-students","status":"publish","type":"post","link":"https:\/\/www.webmonkey.com\/passive-income-for-students\/","title":{"rendered":"15 Best Passive Income Ideas For Students (2024 Guide!)"},"content":{"rendered":"

When it comes to generating passive income<\/a>, it can be difficult to know where to start.<\/p>\n

However, when I was in college, I was always looking for new ways to make money as a student<\/a>. I was also fascinated with various passive income ideas, and I found it frustrating that most of the resources I stumbled across were not feasible for students.<\/p>\n

So, in order to help other students with similar financial goals, I've decided to break down some passive income ideas for students that have low barriers to entry and can actually produce income.<\/p>\n

I've personally tested and used plenty of these ideas during my time as a student, so I know they work and can help you create a new income source.<\/p>\n

The Best Passive Income Ideas For Students<\/strong><\/h2>\n

I've been experimenting with creating new income sources ever since I launched my first blog back in high school. And, I've also tried lots of passive income ideas while I was finishing my degree in college.<\/p>\n

All of the ideas in this list have\u00a0potential\u00a0<\/em>to increase your income. Just note that all of these ideas take some time, and some of the ideas require being 18 or having a parent help you out, so keep this in mind!<\/p>\n

1. Print On Demand Stores<\/strong><\/h3>\n

One fun and potentially lucrative passive income idea for students is to open a print on demand store<\/strong>.<\/p>\n

‘Print on demand' refers to a model in which the items you sell are manufactured on demand as your customers order them. Popular print on demand items include mugs, clothing, prints, or anything where you can upload a graphic to a product and market it.<\/p>\n

I started an Etsy POD shop<\/a> while in college to test out the concept, and was actually able to sell some Spongebob mugs by marketing them organically on Instagram.<\/p>\n

\"Etsy-items-in-shop\"<\/p>\n

The entire process was actually\u00a0so\u00a0<\/em>easy<\/strong>.<\/p>\n

Basically, I just signed up for Printify<\/strong><\/a> which lets you design POD products for free, connected it to my Etsy shop, and there you go…I had a POD store!<\/p>\n

It was also\u00a0crazy<\/em> because I managed to generate two sales by creating an Instagram page for my Etsy POD business and posting content to gain a few followers.<\/p>\n

\"etsy-stats\"
Early traffic and revenue signs from my Etsy experiment a while back…it is possible, but hard.<\/figcaption><\/figure>\n

Honestly, I think POD has immense potential, and it's one of my favorite passive income ideas for students because it also teaches you design skills and how to market your store.<\/p>\n

POD stores aren't limited to sites like Etsy<\/a>, however. You can also turn to other popular POD sites like Redbubble<\/a> or Society6<\/a>, which allow artists to upload their designs to a variety of products and earn commission for sales.<\/p>\n

Starting a print on demand business will require a lot of upfront work, but you can turn it into a passive income stream over time as your store gains reviews and you grow a social media following for your brand.<\/p>\n

Extra Reading\u00a0<\/strong>– How To Start An Etsy Sticker Business<\/a><\/strong>.<\/p>\n

2. Use Passive Income Apps & Websites<\/strong><\/h3>\n

Another easy passive income idea for young people<\/a> is to use various passive income apps and websites to make money on autopilot<\/a>.<\/p>\n

When I was a student, I actually used several data collection apps<\/a> and reward apps<\/a>\u00a0 to generate small amounts of cash every single day<\/strong>.<\/p>\n

At the time, I didn't have a lot of money to invest, but I still wanted to create a system that could at least earn me beermoney<\/a> every single month.<\/p>\n

I ended up getting involved with phone farming<\/a>, and amassed a small farm of burner phones that watched ads all day to earn me upwards of $50 a month.<\/p>\n

\"my-current-phone-farm\"<\/p>\n

Even if you can just make gas money by using your phone and laptop, this is a great beginner passive income idea that anyone can start.<\/p>\n

Some passive income apps<\/a> you can turn to include<\/strong>:<\/p>\n

    \n
  • Nielsen Computer & Mobile Panel<\/strong><\/a> – Earn up to $50+ per year for joining Nielsen's two different panels!<\/li>\n
  • S'mores Lockscreen App<\/a> – <\/strong>Earn $0.10\/day or more for having the app installed on your lockscreen (Android only).<\/li>\n
  • Mobile Performance Meter<\/a> –<\/strong> Earn $0.10-$0.30\/day for having the app run in the background of your phone (Android only).<\/li>\n
  • MobileXpression<\/a> <\/strong>– Receive $5-$10\/month for running this app in the background.<\/li>\n<\/ul>\n

    If you combine all of these free apps, you can easily make $20-$40 in passive income or cash back every month without any effort.<\/p>\n

    3. Sell Internet Bandwidth<\/strong><\/h3>\n

    Do you have unlimited internet at home? If so, one way to make passive income for students is to sell your internet bandwidth for cash<\/a>.<\/p>\n

    There are plenty of companies out there that let you do this. For example, Pawns<\/a>\u00a0pays you $0.20 for every gigabyte of data you share, and it lets you cash out with PayPal cash or Bitcoin once you earn $5<\/strong>.<\/p>\n

    \"Pawns.app\"<\/p>\n

    You can run Pawns on your computer, and it's an easy way to earn small amounts of money overnight<\/a> or in the background while you work.<\/p>\n

    According to its website, members earn up to $140 per month. And you can also answer surveys to earn cash faster.<\/p>\n

    Apps like Honeygain<\/a> and PacketStream<\/a> are other examples of ways to make money by selling your internet. Ultimately, this is one of the easiest passive income ideas for Students, and I've tried it in the past.<\/p>\n

    Sign up for Pawns.app!<\/strong><\/a><\/p>\n

    4. Invest In Real Estate<\/strong><\/h3>\n

    While investing in real estate is a popular suggestion for diversifying one's income, it's rarely mentioned as a viable way to make passive income as a student.<\/p>\n

    There are a variety of ways to invest money in real estate, including real estate investment platforms<\/a> or putting your money in REITs (real estate investment trusts, which is basically a mutual fund but for real estate).<\/p>\n

    Additionally, while many mutual funds or ETFs can have high minimum investment amounts that are possibly out of the range for most students, many real estate platforms have lower requirements.<\/p>\n

    For example, investment platforms like Fundrise<\/a> have $10 account minimums for investors, which is perfect if you're just starting to invest as a student<\/strong>.<\/p>\n

    \"real-estate-investing-fundrise\"<\/p>\n

    Historically, Fundrise returns around 8-9% annually, and it only charges 1% per year in fees. Overall, it's a very beginner-friendly way to invest for income generation<\/a>.<\/p>\n

    Keep in mind, you should always do your research when deciding to invest and you should never invest more than you can afford to lose or if you will need access to your funds in the near future!<\/p>\n

    Sign up with Fundrise<\/strong><\/a> and start building real estate investing wealth!<\/p>\n

    Note: This is an endorsement in partnership with Fundrise. We receive compensation if you sign up with the provided links. All opinions are my own.<\/em><\/p>\n

    5. Start A Blog<\/strong><\/h3>\n

    Another one of my favorite passive income ideas for students is to start a blog. And this is also one idea I started back in college that has now turned into my main income stream!<\/p>\n

    It took a while to get here; in my first year during school, WebMonkey only made $1,700.<\/p>\n

    But I kept on creating content and improving this blog. In 2021, WebMonkey earned $92,000<\/a>. And my blog then made $272,000 in 2022<\/a>.<\/p>\n